The Great River Race Trust
Trustees Annual Report
The Great River Race Trust is a recently formed charity registered in June 2022. The purpose is to promote fixed-seat rowing particularly among youth groups, especially on the tidal Thames and its tributaries, by organizing events, particularly the Great River Race, a race of 21.6 miles, held annually in September through central London from Millwall to Ham. The race attracts over 2,000 competitors.
The Trust also exists to make grants to organizations promoting fixed seat rowing, loan of equipment and encouraging traditional boat building, notably on the Thames.
The Great River Race as an event, carries entry fees for competitors, although entry fees for juniors are substantially underwritten. The Trust aims to make a modest surplus. Any surplus will be accumulated until the Trust has sufficient reserves to cover the cost of a race that has to be cancelled at short notice, due to weather conditions or other unforeseen circumstances.
Further surpluses will fund grants to organisations that encourage fixed seat rowing particularly for young people.
In September 2024, The Trust made its first charitable grant of £5,000 to the Jubilant Trust to support the maintenance of their shallop (the Jubilant) which is used very effectively to get a large number of children on the river to participate in fixed seat rowing.
The Great River Race Trust
Financial Activities
January - September, 2023
| TOTAL | |
|---|---|
| Income | |
| 51100 Entry / Craning / Towing Fees | 112,459.55 |
| 51200 Merchandise Sales | 2,587.50 |
| 51300 Catering / Bar Outlet Pitches | 1,820.40 |
| 52000 Charitable Donations | 45,783.89 |
| Total Income | £162,651.34 |
| Cost of Sales | |
| 62100 Ham Facility Costs | 15,601.31 |
| 62150 Millwall Facility Costs | 21,380.40 |
| 62200 Equipment and Infrastructure | 11,042.67 |
| 62250 Certificate Stationery/Printing Costs | 4,020.54 |
| 62300 Crane Costs | 3,315.66 |
| 62350 Towing Costs | 7,315.00 |
| 62400 Volunteer Costs | 3,820.73 |
| 62450 Merchandise Costs | 3,500.00 |
| 62500 Port of London Authority Fees | 10,926.00 |
| 62600 Kingston River Cruises Ltd Costs | 2,625.00 |
| 62700 Open Tracking Ltd Costs | 360.00 |
| 62800 Roads of the Rose Ltd Costs | 2,925.00 |
| 62900 PayPal / Verifone Costs | 2,063.23 |
| Total Cost of Sales | £88,895.54 |
| TOTAL | £73,755.80 |
| Expenditures | |
| 72050 Insurances | 4,623.58 |
| 73050 Website and Computer Costs | 2,648.40 |
| 73060 Committee Meeting Costs | 76.90 |
| Total Expenditures | £7,348.88 |
| NET OPERATING INCOME | £66,406.92 |
| Other Income | |
| 53000 Deposit Account Interest Received | 70.24 |
| Total Other Income | £70.24 |
| NET OTHER INCOME | £70.24 |
| NET INCOME/(EXPENDITURE) | £66,477.16 |
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Accrual Basis Monday, 30 October 2023 07:22 pm GMT+00:00
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